The currency pair falls to 0.6930-0.6925 as demand for the safe-haven USD strengthens on geopolitical risks.
The AUD/USD pair extended its weekly decline, retreating from a two-and-a-half-week peak near 0.6970 to the 0.6930-0.6925 range during Asian trading. The move follows a modest bearish gap at the open, driven by escalating US-Iran tensions bolstering the US Dollar’s safe-haven appeal.
Earlier, the pair had climbed to its highest level since mid-July, supported by broad USD weakness and improved risk sentiment. However, renewed geopolitical concerns reversed the trend, pushing the AUD lower while keeping it above the 0.6900 mark.
No immediate market reaction data was provided, but the shift underscores the sensitivity of the pair to global risk dynamics and USD demand.